Is Olenox Industries Inc. (OLOX) Stock Halal or Haram?
Olenox Industries Inc. (OLOX) - Not Halal (Non-Compliant)
Olenox Industries Inc. (OLOX) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
Sector
Industrials
Industry
Metal Fabrication
Result
Pass
Reason
The sector "Industrials" and industry "Metal Fabrication" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 84.3% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio
Value: 3.9% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio
Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.00%.Based on the company's financial statements, approximately 0.00% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.00% of total income). Some scholars may differ on the exact calculation method.
About Olenox Industries Inc.
Olenox Industries Inc. provides prefabricated modular structures using wood or steel as the base material for residential and commercial use in the United States. The company operates through four segments: manufacturing for construction; technology; oil and gas; and environmental services. It offers fabricated and finished buildings, including floors, windows, doors, interior painting, electrical wiring and fixtures, plumbing outlets and bathrooms, roofing systems, as well as construction administration and/or project management services. The company also offers turnkey solutions to monitor oil and gas operations remotely and other similar applications; renewable energy and other services on-site; and modular structures, as well as operates oil and gas wellsIt serves contractors, home builders, building owners and other resellers. The company was formerly known as Safe & Green Holdings Corp. and changed its name to Olenox Industries Inc. in January 2026. Olenox Industries Inc. was founded in 2007 and is headquartered in Conroe, Texas.
Frequently Asked Questions
Is Olenox Industries Inc. (OLOX) stock halal to invest in?
Based on the company's financial statements, approximately 0.00% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.00% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About Olenox Industries Inc.
Olenox Industries Inc. provides prefabricated modular structures using wood or steel as the base material for residential and commercial use in the United States. The company operates through four segments: manufacturing for construction; technology; oil and gas; and environmental services. It offers fabricated and finished buildings, including floors, windows, doors, interior painting, electrical wiring and fixtures, plumbing outlets and bathrooms, roofing systems, as well as construction administration and/or project management services. The company also offers turnkey solutions to monitor oil and gas operations remotely and other similar applications; renewable energy and other services on-site; and modular structures, as well as operates oil and gas wellsIt serves contractors, home builders, building owners and other resellers. The company was formerly known as Safe & Green Holdings Corp. and changed its name to Olenox Industries Inc. in January 2026. Olenox Industries Inc. was founded in 2007 and is headquartered in Conroe, Texas.
United StatesNASDAQIndustrials
Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
No verdict changes recorded since first screened on Aug 24, 2026. We started recording changes on Oct 19, 2026.
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, Olenox Industries Inc. (OLOX) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Olenox Industries Inc.'s interest income ratio is 3.9% of total revenue. AAOIFI standards require this to be below 30%.
OLOX is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
Olenox Industries Inc.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save OLOX to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from Olenox Industries Inc. require purification. Approximately 0.00% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
According to AAOIFI Shariah screening standards, Olenox Industries Inc. (OLOX) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Olenox Industries Inc. have any interest income?
Olenox Industries Inc.'s interest income ratio is 3.9% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if OLOX stock is Shariah-compliant?
OLOX is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is Olenox Industries Inc. stock reviewed for Shariah compliance?
Olenox Industries Inc.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on Olenox Industries Inc.'s compliance status?
You can save OLOX to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from Olenox Industries Inc. stock considered halal?
Dividends from Olenox Industries Inc. require purification. Approximately 0.00% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my Olenox Industries Inc. shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
